Seward Redesign INC FY2022 filing
Develops vital neighborhoods by providing small businesses with tailored technical support, coaching, and financing, while promoting affordable housing and living-wage jobs. For fiscal year 2022 it reported $5.8M in revenue, $2.0M in expenses, and $8.8M in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Arts & Culture
- Location
- Minneapolis, MN
- Website
- www.sewardredesign.org
- Filings
- 5 on file (2020–2022)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Andy Hestness’s $154K as Executive Director is at the 68th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Andy Hestness | $153,968 | $146,300 | $130,564 | — | — |
| Chris Romano | — | — | — | $146,697 | $133,145 |
| Taylor Smrikarova | $121,350 | — | — | — | — |
| Abigail Romero | $101,800 | — | — | — | — |
| Brian Miller | — | — | — | — | $53,670 |
| Christopher Romano | — | — | $9,740 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
Commercial property operations and management for community valueredesign operates multi-tenant commercial properties in the greater longfellow and seward neighborhoods including franklin east, 3300 east lake, 2610 east 32ND, five square, verna and focus arts buildings.
Real estate developmentredesign implements residential, commercial, and industrial real estate development projects that serve the needs of low- and moderate-income residents, women and people-of-color within the seward and greater longfellow NEIGHBORHOODS.IN 2022, redesign focused on the following development projects : 1.
Community planning and infrastructure advocacyredesign engages existing residents, businesses and property owners in proactive planning for future land use and development and to advocate on behalf of community-based development that serves the needs of all residents, including communities-of-color, immigrant communities and those of low…
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 88% | — | — |
| Overhead ratio | 9% | — | — |
| Fundraising cost ratio | 1% | — | — |
| Revenue growth | 122% | — | — |
| Legal fee ratio | 0.2% | — | — |
| Accounting fee ratio | 4% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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